Able C&C Co., Ltd. agreed to acquire 48% stake of Jea H&B Co., Ltd. from Kim, Hunseok for KRW 55.2 billion.
January 22, 2019
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Able C&C Co., Ltd. (KOSE:A078520) agreed to acquire 48% stake of Jea H&B Co., Ltd. from Kim, Hunseok for KRW 55.2 billion on January 23, 2019. Able C&C Co., Ltd. will acquire 0.07 million shares. The consideration will be paid in common stock and cash. On completion of transaction, if the largest shareholder of the company changes then additional 48,000 shares will be acquired in second transaction. The transaction is resolved by the board of directors of Able C&C. The transaction is expected to close on Hyundai Accounting Corporation acting as external rating institution. KPMG acted in the transaction.
Able C&C Co Ltd is a Korea-based company mainly engaged in the manufacture and sale of cosmetics. The Companyâs main products include base makeup, point makeup, skin care, body care products, hair care products, cleansing, masks, and men's cosmetics. The cosmetics are produced and sold under the name of MISSHA, AâPIEU, SWISSPURE, EAU DE LOVE. The Companyâs products are sold through franchise stores, retail stores as well as the Internet. The Company distributes its products in domestic and overseas markets such as America, Japan and China.
ABLE C&C CO., LTD. 
